Chord Energy Corporation Plans Quarterly Dividend of $1.30 (NASDAQ:CHRD)

Chord Energy Corporation (NASDAQ:CHRD) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, August 20th will be paid a dividend of 1.30 per share on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, August 20th.

Chord Energy has a payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Chord Energy to earn $12.31 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 42.2%.

Chord Energy Trading Down 5.1%

Shares of CHRD opened at $129.95 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $128.07 and a two-hundred day simple moving average of $125.00. The stock has a market capitalization of $7.32 billion, a P/E ratio of -115.00 and a beta of 0.48. Chord Energy has a twelve month low of $84.25 and a twelve month high of $151.95.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.55 by ($0.11). Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the firm earned $1.79 EPS. The firm’s revenue for the quarter was up 128.6% on a year-over-year basis. On average, research analysts anticipate that Chord Energy will post 18.32 EPS for the current year.

About Chord Energy

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.